DOWN PAYMENT ASSISTANCE PROGRAMS

James Mortgage is proud to offer a variety of products that makes the homebuying process easier! See our variety of products listed below.

0% DOWN CONVENTIONAL LOAN

  • UP TO $15,000 IN DOWN PAYMENT ASSISTANCE, ALLOWING FOR 0% DOWN

  • UP TO $500,000 PURCHASE PRICE

  • DOWN PAYMENT PROVIDED AS SECOND LIEN AGAINST SUBJECT PROPERTY

  • SECOND LIEN CANNOT EXCEED $15,000

  • SECOND LIEN HAS NO MINIMUM MONTHLY PAYMENT AND BEARS A 0% INTEREST RATE WITH A TERM OF 360 MONTH TERM

  • SECOND LIEN IS FULLY DUE AS BALLOON PAYMENT UPON REFINANCE, PAYOFF, OR FINAL PAYMENT OF AMORTIZATION

  • BORROWER MUST QUALIFY BASED ON HOME POSSIBLE OR HOMEONE GUIDELINES (MULTIPLE WAYS TO QUALIFY, CALL OR APPLY TODAY TO SEE IF YOU QUALIFY)

  • UP TO 3% SELLER CONCESSIONS ALLOWED

1% DOWN CONVENTIONAL LOAN

  • NO REQUIREMENT TO BE A FIRST TIME HOMEBUYER

  • 2% DOWN PAYMENT GIVEN AS A GRANT (UP TO $4,000)

  • DPA DOES NOT HAVE TO BE PAID BACK

  • COMPLETELY FORGIVABLE AS LONG AS FIRST 6 PAYMENTS ARE MADE ON TIME

  • MUST MEET HOME POSSIBLE OR HOME READY GUIDELINES

  • UP TO 3% SELLER CONCESSIONS ALLOWED

0% FHA LOAN

  • UP TO 3.5% IN DOWN PAYMENT ASSISTANCE

  • BORROWER CAN CHOOSE BETWEEN 2% DPA OR 3.5% DPA

  • 6% SELLER CONCESSIONS ALLOWED

  • BORROWER MUST BE FIRST TIME HOMEBUYER

  • GRANT IS COMPLETELY FORGIVABLE ONCE MAKE FIRST 6 PAYMENTS ON TIME

BORROWSMART - CONVENTIONAL

  • UP TO $1500 IN DOWN PAYMENT ASSISTANCE

  • UP TO 3% SELLER CONCESSIONS ALLOWED

  • MUST MEET HOME POSSIBLE GUIDELINES

  • ASSISTANCE IS COMPLETELY FORGIVABLE ONCE MAKE FIRST 6 PAYMENTS ON TIME